Profession tax & phd students


hi ,

anyone from maharashtra please answer .....


1. is it true that, PhD students getting stipends/ scholarships has to pay professional tax of  Rs.2500pa,under maharashtra professional tax act ?

thanks.

 
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 Scholarship and stipend not atracts at Profession Tax

 
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AUDITOR

 

In Maharashtra

 

Income

Tax to be imposed

upto ` 2500

Nil

From ` 2500 to ` 3500

` 60

From ` 3500 to ` 5000

` 120

From ` 5000 to ` 10000

` 175

More than ` 10000

` 200

 
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